SEEEN plc (AIM: SEEN), the AIM-quoted Smart Video technology company focused on AI-driven Key Video Moments, has announced the issue of a total of 8,800,000 options over ordinary shares to directors, employees, and contractors. The board confirmed that certain directors have elected to receive their 2025 Board fees and a portion of their 2026 Board fees in options rather than cash, with 6,550,000 options issued at an exercise price of 5.5 pence each. A further 5,500,000 incentive options were issued at 8 pence each, representing a 52.4% premium to the closing mid-market price of 5.25 pence on 11 November 2026, signalling the board's intent to align management rewards with longer-term shareholder value.

Key Points

  • SEEEN plc (AIM: SEEN) — Smart Video technology business operating on the AIM market
  • 8,800,000 options issued in total: 6,550,000 at 5.5p to directors; 5,500,000 incentive options at 8p to CEO, employees and contractors
  • Admission of 1,282,827 new ordinary shares expected on or around 18 November 2026, bringing total issued share capital to 144,462,794
  • Investors may watch for further equity-based compensation arrangements and progress on the company's AI video technology commercialisation

SEEEN Directors Accept 2025 and 2026 Board Fees as 5.5p Options Rather Than Cash

As previously disclosed by the company, four directors agreed to receive their 2025 Board fees and a portion of their 2026 Board fees in options rather than cash. The 6,550,000 options issued carry an exercise price of 5.5 pence per ordinary share of 0.1 pence each, a one-year vesting period, and can be exercised until 11 November 2036. Dr Patrick DeSouza received the largest individual allocation of 2,250,000 options, bringing his total options held to 2,850,000. David Anton and Michael Zigman each received 1,750,000 options, while Chris Andrew received 800,000, as detailed in the announcement.

CEO Adrian Hargrave and Staff Receive 5.5 Million Incentive Options at an 8 Pence Exercise Price

Separately, the board issued 5,500,000 incentive options exercisable at 8 pence each — a 52.4% premium to the closing mid-market price of 5.25 pence on 11 November 2026. Chief Executive Officer Adrian Hargrave is receiving 2,250,000 of these options, with the remainder allocated to other employees and contractors of the Group. These options vest in a straight line over three years and are exercisable until 11 November 2036. The structure is designed to incentivise performance over the medium term, requiring meaningful share price appreciation before options move into the money.

Former Director Mark Williams and a Vendor to Receive New Ordinary Shares Subject to AIM Admission

Beyond the options issuance, the company confirmed that 727,272 ordinary shares are to be issued to Mark Williams, a former director, in respect of his 2025 Board fees, and 555,555 ordinary shares are being issued to a vendor for services received. Both tranches are subject to Admission, expected on or around 18 November 2026. Following Admission, SEEEN's total issued share capital will comprise 144,462,794 ordinary shares, a figure the company states shareholders may use as the denominator when calculating notifiable interests under FCA Disclosure and Transparency Rules.

Equity-Based Fee Arrangements Reflect SEEEN's AI Video Technology Growth Strategy

SEEEN describes itself as a Smart Video technology business delivering AI-infused Key Video Moments designed to increase views and revenues across video content. By structuring director fees as equity instruments rather than cash payments, the board is conserving cash while aligning director interests with those of shareholders. The approach carries a company-specific risk: dilution from successive option and share issuances increases the total share count, and options will only deliver value to recipients if the share price exceeds the respective exercise prices of 5.5 pence and 8 pence within the exercise windows.